TribLIVE

| Home


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Insurer Nationwide, 7 states agree over unclaimed death benefits

Daily Photo Galleries

Friday, Oct. 12, 2012, 11:22 a.m.
 

COLUMBUS, Ohio — Ohio is one of seven states that will share $7.2 million from insurer Nationwide under an agreement over death benefits that go unclaimed.

The Columbus Dispatch reports Nationwide has identified more than 4,700 unclaimed death benefits and paid $144 million to beneficiaries since the start of a joint investigation by the states. It began with allegations that insurers held back payouts despite knowing policyholders had died.

California, Florida, Illinois, New Hampshire, North Dakota and Pennsylvania also are involved. It's not clear exactly how much money each state will get.

The agreement requires Nationwide to take steps that include cross-checking its insurance files with Social Security information.

Nationwide denies wrongdoing. A spokesman says its companies cooperated in the process.

Three other insurance companies previously reached agreement over unclaimed death benefits.

 

 
 


Show commenting policy

Most-Read Stories

  1. Pirates acquire infielder from Indians, designate Axford, Gomez for assignment
  2. Ligonier groups efforts prove transformative to veterans
  3. Linebacker Harrison coming along slowly since return to Steelers
  4. Steelers notebook: Shazier returns just in time
  5. Pens look to buck shots, goals trend
  6. Lower Burrell man charged with shoplifting
  7. Primanti Bros. to mail sandwiches nationwide
  8. Man robbed, shot in East Liberty
  9. Steelers free safety Mitchell is still settling into role on defense
  10. Pickleball ambassador gets sport a spot at YMCA in Kittanning
  11. Kittanning routs Ford City in rivalry’s final game
Subscribe today! Click here for our subscription offers.